It's very basic, but necessary to do. Before you shop for a home you need to know your budget and whether or not you will even qualify for a mortgage. Don't get tripped up on this important step - get prequalified with a local lender.
Contact me and I can provide a list of good local lenders here in Hawaii.
Thanks for reading my Maui blog...
Buying or selling real estate on Maui? That's what I do. Let me help YOU.
Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers
127 Hana Hwy. #G, Paia HI 96779
E-mail or call/text: 808 283-0635
What is the biggest mistake homebuyers make when they want to buy their first house?
Every day, I get an email or a call from a buyer who wants to go out and see some homes that are for sale. My first Question is always: What is your price range?
Inevitably, the answer will be " Oh, I don't know, probably around xxx or yyyy. I looked online and calulated monthly payments so I'm comfortable!"
My inner little voice sighs deeply....."Have you spoken to a lender?" I ask.
Unless you speak with a lender who runs your credit and checks your finances, you really do not know how much you can afford. You just think you do. If your credit is poor, your interest rate will reflect that. And different loans charge different fees.
So, before you even start looking online for your next house, call me and I will help you find a good lender!! The saddest thing for buyers is to fall in love with a $400,000 house only to then be brought back to reality and find out that they can only afford $325,000.
So...Step 1 of the Homebuying Process? Call or email me!
Step 2 of the Homebuying process is to speak to a lender!
Step 3--Look at houses in your price range.
Berkshire Hathaway HomeServices
1997 Annapolis Exchange Parkway, Ste 101
Annapolis, MD 21401
Serving Annapolis, Severna Park, and All Surrounding Areas